Common use of Reserve Funds Clause in Contracts

Reserve Funds. Before payment of any distribution, there may be set aside out of any funds of the Company available for distributions such sum or sums as the Director/Managers, from time to time in their absolute discretion, think proper as a reserve fund to meet contingencies, or for equalizing distributions, or for repairing or maintaining any property of the Company, or for such other purpose as the Director/Managers shall think conducive to the interest of the Company, and the Director/Managers may modify or abolish any such reserve in the manner in which it was created.

Reserve Funds. Before payment of any distribution, there may be set aside out of any funds of the Company available for distributions such sum or sums as the Director/Managers, from time to time in their absolute discretion, think proper as a reserve fund to meet contingencies, or for equalizing distributions, or for repairing or maintaining any property of the Company, or for such other purpose as the Director/Managers shall think conducive to the interest of the Company, and the Director/Managers may modify or abolish any such reserve in the manner manlier in which it was created.

Reserve Funds. Before payment of any distribution, there may be set aside out of any funds of the Company available for distributions such sum or sums as the Director/Managers, from time to time in their absolute discretion, think proper as a reserve fund to meet contingencies, or Or for equalizing distributions, or for repairing or maintaining any property of the Company, or for such other purpose as the Director/Managers shall think conducive to the interest of the Company, and the Director/Managers may modify or abolish any such reserve in the manner in which it was created.

Reserve Funds. Before payment of any distribution, there may be set aside out of any funds of the Company available for distributions such sum or sums as the Director/Managers, from time to time in their absolute discretion, think proper as a reserve fund find to meet contingencies, or for equalizing distributions, or for repairing or maintaining any property of the Company, or for such other purpose as the Director/Managers shall think conducive to the interest of the Company, and the Director/Managers may modify or abolish any such reserve in the manner in which it was created.